United India Insurance reported a 65% jump on its Profit After Tax (PAT) at Rs 159.36 crore for the first quarter ending June 30.
The city-headquartered company also witnessed a 23% growth on the collection of premium at Rs 2,021 crore, a statement here said.
With this financial performance, the company has maintained the momentum of business growth over 20% in the last three years, it said.
The market value of the company's total investment portfolio at the end of first quarter was Rs 16,291.47 crore as against Rs 15,210.15 crore registered in the previous year.
The company is optimistic of completing a premium of Rs 8,000 crore at a growth rate of over 25% during the current fiscal, the statement added.
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